DEALS

Simpson Thacher has represented SBI Sumishin Net Bank on its 49.8 ¥ billion (US 374 $m) global offering of shares, including an offering to institutional investors outside Japan, pursuant to Rule 144 A and Regulation S under the Securities Act. The shares in the international offering were existing shares sold by selling shareholders SBI Holdings and Sumitomo Mitsui Trust Bank. SBI Sumishin Net Bank is a leading internet bank in Japan offering digital banking services to consumers throughout Japan. The international joint lead managers for the international offering were Nomura International, SBI Securities (Hong Kong), Goldman Sachs International, Daiwa Capital Markets Europe and UBS London Branch. Partners Alan Cannon (Tokyo-capital markets) and Jonathan Cantor (New York-tax) led the firm’s team in the transaction.

non-banking finance companies that focuses on vehicle financing. This is the first overseas bond issuance undertaken by Shiram Finance, post the merger of Shriram City Union Finance with Shiram Finance, under the revised external commercial borrowing framework in India, which was revised pursuant to the circular dated 8 December 2021 notified by the Reserve Bank of India. Partners Richa Choudhary and Joseph Jimmy led the firm’s team in the transaction.

TT&A has advised Nomura Investments (Singapore) and Nomura Capital (India) , as the initial debenture holders, and Beacon Trusteeship , as the debenture trustee, on the issue and allotment of 2,080 senior, secured, redeemable, unrated, unlisted, non-convertible debentures with face value of Rs1 million (US$12,182) each issued by Della Adventure & Resorts, aggregating up to Rs2.08 billion (US$25.34m), on a private placement basis in two series, as per terms of the debenture trust deed dated 16 November 2022, entered into between Della Adventure & Resorts and Beacon Trusteeship. Partner Rituparno Bhattacharya led the firm’s team in the transaction.

Trilegal has advised Deutsche Bank

Singapore Branch and The Hongkong and Shanghai Banking Corporation , as the arrangers, on the update of up to US$350 billion global medium-term note programme, and US$150 million drawdown thereunder, by Shriram Finance, one of India’s largest

WongPartnership is acting for Ant Group , as lead investor, on the series seed funding round of Proxtera, a Singapore-based metahub platform for B2B businesses and SMEs. The funding will be used as working capital to further develop the company’s innovative digital cross-border trade and financial services enabled by trusted credentials. Partner Nicolette Lye is leading the firm’s team in the transaction.